Because much of the underlying data and code making up the Tax Policy Center microsimulation model are proprietary, we are unable to share a full replication package for some components of our results. More details about the model itself are available at https://www.taxpolicycenter.org/resources/tax-model-resources. Please reach out to the authors for questions about the model not answered by the replication package and the model resources page. Because of this restriction, the code included cannot be run beginning to end, but each file can be run separately and should include all necessary inputs and produce all final outputs. 

The package includes the following code: 

corp_incid_GM_nopass_12_23.do, which would produce the microsimulation estimates from the aged data (data not included due to the above restrictions).

suits_kakwani_cis.do, which takes in the microsimulation estimate microdata (included in the file corpexttm22_updated.dta) and produces bootstrapped confidence intervals for the Suits and Kakwani index for each of our measures. **NOTE: Because the code uses 10,000 bootstrap reps, it takes a very long time to run - on the Brookings servers, approximately four days.** 

suits_kakwani_coefplots.do, which produces the coefficient plots for the Suits and Kakwani index (Figure 6 and Figure 7). 

fig1_profits_riskprem.do, which takes in two excel sheets (risk_returns_data_clean.xlsx and profits_data_clean.xlsx) and produces Panel A and Panel B of Figure 1, showing 3-year average corporate profits (after-tax and pre-tax) and the composition of one measure of the normal return over time. 

fig2_bars_all.do, which takes in two excel sheets (burden_distribution_figure.xlsx and new_fig_rentsallocation.xlsx) and produces Figure 2, showing the distribution of income and rents under various assumptions. 


Other figures and estimates are either produced directly in Excel or using proprietary data. 

